Why Retire in Las Vegas?
While the snowbird havens of Florida, Arizona, and California will always be a haven for retirees, Las Vegas, Nevada has flown under the radar as a top destination for sun-seeking seniors. This desert city offers a lot of perks for those who are looking for a welcoming destination to spend their Golden Years, and many businesses and industries have cropped up to serve their needs.
Why Las Vegas?
Warm weather. Check. Affordable cost of living. Check. Great social scene for seniors. Check. Las Vegas is quickly becoming a haven for retirees, with the population of those over the age of 55 growing every year. The biggest draw for new residents is the weather. Although the temps can soar to the double digits in the summer, the remainder of the year is pretty mild, with the winter averages in the mid-60s. No snow shovel is required to live in Las Vegas as a retiree.
Financially, senior living in Las Vegas makes sense. Nevada is one of the few states that does not impose a personal income tax, which means retirees keep more of their Social Security and retirement payments. In addition, there is no estate tax, which is a boost. Seniors who buy property in Nevada benefit from a 90 percent rebate on their property taxes which makes the state one of the most affordable for seniors. Low crime and poverty mean that Las Vegas is also one of the safest cities for retirees.
The area offers plenty of things to do for active seniors. Take a course at the University of Nevada, visit some of the region’s world-class museums or simply dine at one of the hundreds of restaurants that the city is known for. An outdoor lover’s dream, Las Vegas offers golf courses, bike trails, swimming pools, and easy hiking. And of course, there is always the Las Vegas Strip, a gaming and entertainment paradise.
In addition to being home to universities and cultural institutions, Las Vegas offers some of the top medical facilities in the country. Seniors love the high-quality healthcare in a city that encourages year-round exercise and overall wellness.
Top 10 Reasons to Retire in Las Vegas
- Year-round warm weather and sunshine
- The thriving community of active seniors
- Senior communities that offer high-end amenities like golf, fitness, and continuing education
- Many senior discounts, especially at area casinos
- No tax on Social Security and retirement income
- No Nevada state income tax
- Affordable living
- World-class medical facilities
- Low crime
- It’s Las Vegas!
Senior Centers in Las Vegas
Las Vegas boasts a wealth of luxury senior apartments Las Vegas, offering amenities like indoor spas, golf courses, lap pools, tennis courts, shuffleboard, and fitness centers. Some senior residences offer exclusive clubhouses that can be rented for social events, on-site lecture series, and arts and crafts studios. There are hundreds of planned communities that offer a luxury lifestyle with appointed homes to match. Whether you are looking to buy a sprawling home complete with high-end kitchens with granite countertops, landscaped yards and master baths with soaking tubs, or simple studio condos for rent, you will find it in Las Vegas.
Four Things You Must Know Before Moving into Luxury Las Vegas Apartments
1. Apartment Search
Searching for senior apartments for rent can be challenging. There are different terms that you may need to be aware of when searching for your home. Some listings list senior apartments as “age-restricted” properties. This usually means that the property is for seniors only. Some are 55+ apartments in Las Vegas and some are for seniors who are 62+. Make sure to check for the age requirement during your search. Most of the Las Vegas apartments 55+ are one-bedroom apartments but you can occasionally find studios, two-bedrooms, and, on occasion, three-bedroom apartments.
You may also find independent living communities like senior luxury apartments Summerlin that provide additional housekeeping services to residents.
2. Finance and Documents
When you find the apartment that fits your life, there are several documents that you may need to finalize the process. The leasing company will often ask you for income documents like social security statements, retirement fund disbursements, income from business and part-time jobs, if applicable. In addition, you may have to provide identification that shows your age for certain communities.
If you have assets that you want to use to bolster your application, be prepared to present titles, income statements, and property deeds to show your ability to pay.
3. Inspect the Apartment
Set up an appointment to inspect the apartment prior to moving in. In most cases, a real estate agent will take you on a private tour of the home and the community. You can set up as many tours as you would like, and it helps to view several properties before making a decision. Many property websites offer virtual tours so that you can perform a visual “walk-through” of the space before you visit it in person.
When you arrive for the tour, it may help to take measurements of the home’s features to make sure that your furniture will fit in the space. In some cases, you can fill out an application and receive approval on the spot.
4. Negotiate Your Lease
While it may seem like prices and terms for senior apartments in Las Vegas are set in stone, you may be able to negotiate parts of the lease to make them more favorable to your lifestyle. Arm yourself with knowledge about the area and competitor communities. Sell yourself to your prospective landlord by showing your positive rental history with your previous landlord, if applicable. Ask about free rent specials, discounts on pet rent, and a lowered price for longer leases.
Are you ready to retire in Las Vegas? Then you are not alone. There are many seniors who are flocking to the state for year-round sunshine, affordable costs of living, and a thriving active adult community. By researching the best neighborhood that offers all of the amenities you want, you can start enjoying a luxury lifestyle in a vibrant neighborhood of active seniors.
